0:29
Matt Kissinger
25:14 - 25:44
"if and when that happens, there is no payment obligation of the state back to Glenfarm. There is no payment obligation under that circumstance."
“if and when that happens, there is no payment obligation of the state back to Glenfarm. There is no payment obligation under that circumstance.”
- Speaker
- Matt Kissinger
- Timestamp
- 25:14 – 25:44
- Community
- Alaska News
- Location
- Alaska
- Captured at
- June 16, 2026
From the transcript
And what diligent development efforts ultimately requires is a lot of money for them to continue spending. So they have to keep spending money to advance this project until we get to an FID or until they call mercy on that. And if and when that happens, and hopefully it does not happen, but if and when that happens, there is no payment obligation of the state back to Glenfarm. There is no payment obligation under that circumstance. And Adam, if you'd like to add on to that.